Daikin Industries,Ltd. (OTCMKTS:DKILY) Short Interest Update

Daikin Industries,Ltd. (OTCMKTS:DKILY) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 139,900 shares, an increase of 115.2% from the October 15th total of 65,000 shares. Based on an average daily trading volume, of 1,230,400 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Daikin Industries,Ltd. from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th.

Daikin Industries,Ltd. Price Performance

Shares of DKILY traded down $0.17 during mid-day trading on Friday, hitting $11.92. The company’s stock had a trading volume of 763,361 shares, compared to its average volume of 517,253. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.07. The firm has a 50-day moving average price of $12.61 and a 200 day moving average price of $13.49. Daikin Industries,Ltd. has a fifty-two week low of $11.16 and a fifty-two week high of $17.14. The stock has a market capitalization of $34.94 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.94 and a beta of 1.01.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.20 EPS for the quarter. Daikin Industries,Ltd. had a net margin of 5.56% and a return on equity of 8.68%. The company had revenue of $8.35 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, research analysts predict that Daikin Industries,Ltd. will post 0.6 EPS for the current fiscal year.

About Daikin Industries,Ltd.

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company’s air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.